Skyharbour Resources (CVE:SYH) Stock Price Up 2.4% – Time to Buy?

Skyharbour Resources Ltd. (CVE:SYH) shares traded up 2.4% during mid-day trading on Wednesday . The stock traded as high as C$0.43 and last traded at C$0.42. 625,397 shares were traded during trading, a decline of 11% from the average session volume of 706,155 shares. The stock had previously closed at C$0.41.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.16 target price on Skyharbour Resources and gave the stock a “buy” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Skyharbour Resources presently has an average rating of “Buy” and an average target price of C$1.16.

Skyharbour Resources Stock Up 2.4%

The firm has a market cap of C$89.08 million, a P/E ratio of 420.00 and a beta of 0.19. The firm has a fifty day moving average of C$0.47 and a 200-day moving average of C$0.46.

About Skyharbour Resources

Skyharbour Resources Ltd. engages in acquisition, exploration, and evaluation of uranium mineral properties. The company holds 51% interest in the Preston Uranium project covering an area of 49,635 hectares; 80% interest in the Hook Lake project consisting of 16 contiguous mineral claims covering an area of 25,847 hectares; and 100% earn-in option to acquire interest in the Yurchison project comprising 13 claims totaling area of 57,407 hectares located in Saskatchewan, Canada. It also holds 100% interest in the South Falcon Point project; and the Moore Lake Uranium project comprising 12 claims totaling area of 35,705 located in Saskatchewan, Canada.